Partner-operated Fields

As a result of Exploration and Production business becoming increasingly capital- and risk-intensive, most companies tend to keep their exposure to an average 30 to 40 percent through Joint Ventures (JV). This entails an arrangement wherein two or more companies work together to share investment, benefits and losses.

The company designated as operator undertakes all activities on the field, including geological and seismic studies and surveys, drilling, installation, processing, infrastructural development and social welfare while other partners share financial responsibility, provide technical input and monitor output and other development initiatives.

Pakistan Petroleum Limited holds working interest in several JV producing fields as non-operating partner. These include:

Among many others, the company’s roster of partners feature OMV Aktiengesellschaft, Eni Pakistan Limited (Eni), Oil and Gas Development Company Limited (OGDCL), Pakistan Oilfields Limited (POL) and Government Holdings (Private) Limited (GHPL).